Ethereum is partying like it’s the 90s. The currency is up some 30% since yesterday, from around $87 to now $114 at the time of writing. Its online public spaces now have thousands of active users. Its daily thread has reached a new record of more than 6,000 comments.
Ethereum rises above $100
There’s just too much to talk about and there will be even more, starting from today. The Ethereal Summit, sponsored by Consensys, Microsoft and others, starts shortly and you probably don’t want to miss any of it if you’d like a glimpse of the future.
Music, games, energy, finance, IoT, Dubai and an answer to “what is the industrial revolution” are just some of the things on the table, with a lot more other discussions in a summit that aims to “tell the story of decentralization over the course of a day.”
That’s followed on Monday by the wider scope Consensus 2017, where European Commissioners, advisors to ministers, individuals from IBM, Microsoft, Intel, JP Morgan and everyone else are to present.
JP Morgan will demo the Ethereum-based Quorum, with the Ethereum Enterprise Alliance giving updates on their progress so far among just some of the eth related events at consensus.
But today’s price rise might be more due to Fred Wilson, a VC at Union Square which invested in Twitter and many other internet unicorns at the early stages. He told Bloomberg in an interview that ethereum will overtake bitcoin’s market cap by the end of the year.
That’s one bold prediction considering the timeframe, not least because the interview touched on many topics but he chose to focus on eth. In fact, the interview leaves you with the impression he is not really thinking about much else but this space.
Not that anyone can blame him. Another project, Aragon, just raised $25 million in an Ethereum-based ICO and didn’t ask Fred Wilson, the Venture Capitalist, for a penny of it. Although he may have given them some anyway – who knows anything in the blockchain eh.
That’s just the ICO that’s getting press. My mailbox can’t keep up with so many others. I didn’t use to believe people when they said that, but, the PR guys sending follow-up e-mails don’t have to believe.
Because people are raising money left, front and center. A lot of that money will probably end up in nothing, but, who knows, some of it may end up at the next Amazon, Google, Facebook or Uber.
Many in eth, however, are not thinking about either of those companies, but about Tesla. Blockchenized energy grids, smart contracted electric cars, can Musk really get edgier than conquering Mars?
Maybe, but they’re far too busy with many other things, which may mean their competitors might drive that space. And that space is sort of heating up, especially as far as energy and electricity are concerned.
For a real-time Ethereum price chart, click here.
Featured image from Shutterstock.
Cloud Giant Xunlei Claims Blockchain Advance With 'ThunderChain'
Xunlei, the NASDAQ-listed cloud network provider, has launched its proprietary blockchain platform, despite ongoing class actions over an alleged initial coin offering (ICO).
At a press event in Be
Taiwan Eyes November Deadline for Bitcoin AML Regulation
Taiwan aims to formally regulate bitcoin under anti-money laundering (AML) rules before the end of the year.
According to the Taiwan Central News Agency, Chiu Tai-san, the country's minister of jus
Bitcoin Bull Trap? Not So, Says Lesser-Known Price Indicator
Is the reversal of a lesser-known bitcoin price indicator signaling a bull trap?
That's the question being asked by Twitter's more expert crypto analysts after bitcoin's rise to $8,500 this week, a
JPMorgan Trial Puts Debt Issuance on a Blockchain
JPMorgan Chase has partnered with National Bank of Canada and other major firms to trial a blockchain platform aimed to improve the debt issuance process.
As reported by Reuters, the investment ban
Stellar Run: XLM, IOTA, ADA Spike in Good Week for Altcoins
Alternative cryptocurrencies shone bright this week, as the wider cryptocurrency market saw continued resurgence.
The total market capitalization of all cryptocurrencies rose 25 percent week-on-wee
LedgerX's Bitcoin Derivatives Trading Is Up 7X Since Launch
Bitcoin trading platform LedgerX has seen a sevenfold increase in volume in the six months following its launch of cryptocurrency derivatives.
Chief operating officer Juthica Chou told CoinDesk tha
Likely New York Fed president says bitcoin 'doesn't pass the basic test' for a currency
The central banker expected to be the next head of the New York Fed doesn't think much of bitcoin and other cryptocurrencies. "Cryptocurrency doesn't pass the basic test of what a currency should
Bitcoin Pyramid Scheme Amassed $20 Million in South Korea
Two men from South Korea have been sentenced for creating a bitcoin pyramid scheme that swindled some 20 billion Korean won ($20 million) from investors.
On April 19, a judge from Seoul's Incheon D